Wikipedia:WikiProject Trains/ICC valuations/Wilmington and Northern Railroad

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The railroad of the Wilmington and Northern Railroad Company, herein called the Wilmington and Northern is a single-track line extending from Cumru Junction, near Reading, Pa., to Wilmington, Del., a distance of 89.966 miles, including a branch from Elverson to St. Peter, Pa., and several short branches in and around Wilmington, Del.


From the date of incorporation to January 31, 1900, the Wilmington and Northern was operated by its own organization. From February 1, 1900, to date of valuation the property has been operated by the Philadelphia and Reading under lease agreement. The accounting records of the Wilmington and Northern for the period prior to January 1, 1885, are not obtainable. The information contained herein has been obtained from its available accounting records.

CORPORATE HISTORY

The Wilmington and Northern was incorporated April 3, 1877, under the general laws of Pennsylvania through the filing with the Secretary [...]

No. Name Incorporation Succession
1 Wilmington and Northern Railroad Company. General laws of Pennsylvania Apr. 3, 1877.
2 The Wilmington and Northern Railroad Company (of Pennsylvania). General laws of Pennsylvania Feb. 8, 1877. Consolidated with 3 to form 1 on Apr. 3, 1877.
3 The Wilmington and Northern Railroad Company (of Delaware). Special act of Delaware Feb. 23, 1877. Consolidated with 2 to form 1 on Apr. 3, 1877.
4 Wilmington and Reading Railroad Company. General laws of Pennsylvania May 29, 1866. Sold under foreclosure Dec. 4, 1876, to bondholders of 2 and 3, who formed 1.
5 The Delaware and Pennsylvania State Line Railroad Company. See 6. Consolidated with 7 to form 4 on May 29, 1866.
6 Wilmington and Brandywine Railroad Company. Special act of Delaware Mar. 5, 1861. Name changed to 5 by special act of Delaware Feb. [2, 1865?].
7 The Berks and Chester Railroad Company. Special act of Pennsylvania Apr. 20, 1864. Consolidated with 5 to form 4 on May 29, 1866.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The mileage owned by the Wilmington and Northern, amounting to 89.996 miles, has been acquired by it as follows:

By consolidation of—

The Wilmington and Northern Railroad Company (of Pennsylvania) Pennsylvania-Delaware State line to New Cut, Pa. Apr. 3, 1877 60
The Wilmington and Northern Railroad Company (of Delaware) from Delaware-Pennsylvania State line to Wilmington, Del. Apr. 3, 1877 12

By construction:

Several branch lines Various dates 18
Total recorded mileage 90
Difference between total recorded mileage and mileage inventoried as of date of valuation .004
Mileage inventoried as of date of valuation 89.996
HISTORY OF CORPORATE FINANCING